NEW IMPACT

EIN: 844671011 501(c)(3) Community Improvement

SEATTLE, WA

Total Revenue
$247,260
Total Expenses
$266,472
Total Assets
$25,531
Net Assets
$6,759
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
WA
Principal Officer
JENS MOLBAK
Phone
4253985103
Tax Period
2024-01-01 to 2024-12-31

NEW IMPACT, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $247K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring.

Mission

WE PASSIONATELY WORK TO CATALYZE AND SCALE INNOVATION THAT POSITIVELY IMPACTS HUMANITY BY INSPIRING, ENABLING, AND ACTIVATING A COMMUNITY OF TRI-SECTOR INNOVATORS FROM COMPANIES, NONPROFITS, AND GOVERNMENT AGENCIES. THEIR INNOVATIONS WILL ACCELERATE IMPACT BY LEVERAGING EXISTING RESOURCES AND ALIGNING INTERESTS FROM THE PRIVATE, SOCIAL, AND PUBLIC SECTORS -PROVIDING BENEFITS FOR PEOPLE AND THE PLANET. OUR GOAL IS THAT TRI-SECTOR INNOVATION WILL BE AS WIDELY ACCEPTED AND WIDELY PRACTICED AS DESIGN THINKING, AGILE DEVELOPMENT, AND HUMAN-CENTERED DESIGN.

Program Service Accomplishments

Program 1
Expenses: $8,661

TRI-SECTOR RESOURCE EXPLORER AI TOOL: NEWIMPACT CREATED AND LAUNCHED THE TRI-SECTOR RESOURCE EXPLORER, A FREE AI-POWERED ASSISTANT DESIGNED TO HELP INDIVIDUALS AND ORGANIZATIONS IDENTIFY CROSS-SECTOR...

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TRI-SECTOR RESOURCE EXPLORER AI TOOL: NEWIMPACT CREATED AND LAUNCHED THE TRI-SECTOR RESOURCE EXPLORER, A FREE AI-POWERED ASSISTANT DESIGNED TO HELP INDIVIDUALS AND ORGANIZATIONS IDENTIFY CROSS-SECTOR RESOURCES, COLLABORATIONS, AND GROWTH OPPORTUNITIES. BUILT WITH CUSTOMIZED GUIDELINES, INSTRUCTIONS, AND CONTEXT TO ALIGN WITH TRI-SECTOR INNOVATION PRINCIPLES, THE TOOL ENABLES USERS TO DISCOVER ORGANIZATIONS AND ASSETS, ALIGN INTERESTS ACROSS SECTORS, AND EXPLORE CREATIVE APPROACHES TO LEVERAGING EXISTING RESOURCES. IT ALSO PROVIDES ACTIONABLE OUTPUTS, INCLUDING DRAFT BUSINESS PLANS, PITCH DECKS, AND STRATEGIC SUMMARIES, TO HELP USERS ADVANCE THEIR IDEAS.THIS INITIATIVE REFLECTS NEWIMPACT'S COMMITMENT TO PROVIDING FREE, ACCESSIBLE TOOLS THAT FOSTER TRI-SECTOR COLLABORATION AND SUPPORT IMPACT-DRIVEN INNOVATION.

Program 2
Expenses: $8,640 Revenue: $8,000

CONCENTRIC ADVISORS TRI-SECTOR INNOVATION WORKSHOP: NEWIMPACT DESIGNED AND DELIVERED A TAILORED FOUR-HOUR INTERACTIVE WORKSHOP IN JANUARY 2024 FOR THE LEADERSHIP TEAM AT CONCENTRIC SERVICES, A...

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CONCENTRIC ADVISORS TRI-SECTOR INNOVATION WORKSHOP: NEWIMPACT DESIGNED AND DELIVERED A TAILORED FOUR-HOUR INTERACTIVE WORKSHOP IN JANUARY 2024 FOR THE LEADERSHIP TEAM AT CONCENTRIC SERVICES, A PRIVATE SECTOR SECURITY ADVISOR AND SERVICES PROVIDER. THE HALF-DAY SESSION INTRODUCED TRI-SECTOR INNOVATION (TSI) PRINCIPLES TO GENERATE INNOVATION AND NEW OPPORTUNITIES ALIGNED WITH CONCENTRIC'S OBJECTIVES. PARTICIPANTS IDENTIFIED POTENTIAL IMPACT AREAS, EXPLORED CROSS-SECTOR OPPORTUNITIES, AND IDENTIFIED RESOURCES AND BUSINESS MODEL DESIGN TO EXPAND POSSIBILITIES AND APPLIED TO REAL COMPANY CHALLENGES.THIS INITIATIVE REFLECTS NEWIMPACT'S DEDICATION TO FOSTERING INNOVATIVE THINKING WITHIN THE PRIVATE SECTOR. THE ALLOCATED FUNDS COVERED ESSENTIAL WORKSHOP LOGISTICS AND FACILITATION, MATERIALS, AND TOOLS, ENSURING A TRANSFORMATIVE AND IMPACTFUL SESSION FOR CONCENTRIC SERVICES.

Program 3
Expenses: $8,339

UNIVERSITY OF WASHINGTON BUSINESS/ENTREPRENEURSHIP CLASSES: NEWIMPACT CONTRIBUTED TO THE UNIVERSITY OF WASHINGTON'S ENTREPRENEURSHIP CURRICULUM BY INTEGRATING TRI-SECTOR INNOVATION INTO CLASS...

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UNIVERSITY OF WASHINGTON BUSINESS/ENTREPRENEURSHIP CLASSES: NEWIMPACT CONTRIBUTED TO THE UNIVERSITY OF WASHINGTON'S ENTREPRENEURSHIP CURRICULUM BY INTEGRATING TRI-SECTOR INNOVATION INTO CLASS DISCUSSIONS AND INSTRUCTIONAL MATERIALS. THIS INITIATIVE PROVIDED STUDENTS WITH INSIGHTS INTO DESIGNING BUSINESS MODELS THAT ALIGN PRIVATE, PUBLIC, AND SOCIAL SECTOR RESOURCES. ACTIVITIES INCLUDED GUEST LECTURES AND INTERACTIVE EXERCISES. THIS WORK SUPPORTED NEWIMPACT'S MISSION TO EQUIP FUTURE ENTREPRENEURS WITH KNOWLEDGE OF TSI AND TOOLS FOR SCALABLE, HIGH-IMPACT INNOVATION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $216,000
Program Service Revenue $30,500
Investment Income $0
Other Revenue $760
TOTAL REVENUE $247,260

Expense Breakdown

Grants Paid $0
Salaries & Benefits $180,955
Fundraising Expenses $0
Program Expenses $42,820
Other Expenses $85,517
TOTAL EXPENSES $266,472

Year-over-Year Comparison

2024 2023 Change
Revenue $247,260 $314,007 -0.2%
Expenses $266,472 $313,204 -0.1%
Net Income $-19,212 $803 -24.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
2
Volunteers
3

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENS MOLBAK DIRECTOR & PRESIDENT 40.00
Officer Director
$0 $0 $0
JON DIAMOND DIRECTOR & VICE PRESIDENT 0.80
Officer Director
$0 $0 $0
ROBERT LILLENESS DIRECTOR, SECRETARY & TREASURER 0.80
Officer Director
$0 $0 $0
ELISABETH R ROBERTS SENIOR PRODUCT MANAGER 40.00
Highest
$140,400 $0 $140,400
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $247,260 $266,472 $25,531 $-19,212
2023 $314,007 $313,204 $39,527 $803
2022 $1,153,682 $923,432 $57,470 $230,250
2021 $765,355 $981,276 $133,413 $-215,921
2020 $388,079 $377,240 $11,765 $10,839
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